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RIM paid Nokia $65 million as part of settlement

RIM paid Nokia $65 million as part of settlement

Posted: 26 Dec 2012, 06:09, by Alan F.

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Tags : Nokia -Nokia + BlackBerry -BlackBerry +

RIM paid Nokia $65 million as part of settlement

Allegedly a BlackBerry 10 N-series device

Last Friday we told you that Nokia and RIM had entered into a global agreement that would end current patent-related lawsuits in progress between the two firms in the U.S.,U.K. and Canada. And while it was announced that RIM would be paying a licensing free to Nokia, the amount of that payment was not disclosed until RIM filed its FORM 6-K with the SEC related to the recent release of its quarterly earnings report. Both firms have shares that trade in U.S. markets requiring both companies to keep up with SEC mandated paperwork.

According to RIM's FORM 6-K, a one time payment in the amount of 50 million EUR ($65 million USD) was made from RIM to Nokia as part of the settlement. No other financial terms were disclosed in the form and we will have to wait for the same form to be filed by RIM next year to see if there are any annual payments to be made to Nokia besides the lump sum amount.

We are now approaching the one month countdown until the January 30th introduction of the new BlackBerry 10 OS, which might represent RIM's last chance to compete with iOS and Android.

:On December 21, 2012, Nokia and RIM announced that they have entered into a new patent license agreement. The agreement will result in the settlement of all patent litigation between the companies and Nokia’s dismissal of all pending actions in the United States, United Kingdom, Canada and Germany. The financial structure of the agreement includes a lump sum €50 million (approximately $65 million) one-time payment, which has been recorded in the Company’s consolidated statement of operations in the third quarter of fiscal 2013."-RIM's FORM 6-K

source:SEC via WMPoweruser

22 Comments

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posted on 26 Dec 2012, 07:20 8

1. tashreef (Posts: 476; Member since: 24 Nov 2012)

Good Days of Nokia begin's.........

posted on 26 Dec 2012, 09:25 7

12. sid07desai (Posts: 290; Member since: 03 May 2012)

Bad ones of RIM too... poor company's already crippled

posted on 26 Dec 2012, 10:08 1

14. MeoCao (unregistered)

This money is not big for a big company like Nokia, but it's hugely important right now.

The money is enough for additional 300k L920s.

posted on 26 Dec 2012, 13:42 3

17. AnTuTu (Posts: 1580; Member since: 14 Oct 2012)

Good to see Nokia is making a come back with a bang, best of luck Nokia..!!

posted on 26 Dec 2012, 07:25 10

2. satydesh (Posts: 71; Member since: 22 Nov 2011)

dear nokia there was no need of selling headquarter just sue other companies which will give almost deep breath to stay in game!!!

posted on 26 Dec 2012, 08:02 4

4. eisenbricher (Posts: 973; Member since: 09 Aug 2012)

They will build a better headquarter! Indeed Nokia will definitely see glorious days ahead.

posted on 26 Dec 2012, 08:27 5

8. windroid (unregistered)

Nokia sold their headquarter because leasing it is tax deductible.

posted on 26 Dec 2012, 07:55 12

3. lumia920 (Posts: 112; Member since: 27 Nov 2012)

nokia sued every one and yet no one is able to sue nokia... does this not clearly says who is the real champion?
nokia is the father of fathers..
and the king of the kings...
love you nokia..

posted on 26 Dec 2012, 08:07 1

5. rusticguy (Posts: 2828; Member since: 11 Aug 2012)

Apple will be the first to sue in US at aleast and try to slow down Nokia (and windows) if the Nokia sales numbers start eating into iOS share in long run.

posted on 26 Dec 2012, 08:17 3

6. muhsen (Posts: 281; Member since: 07 Jun 2012)

it has already started to eat iOS share in many countries including the most populous country and the second in smartphone sales(china).i won't tell u see the latest reports and news.u should just see statcounter and u will notice that .who knows??! maybe Nokia (with windows phone) will achieve in the US ,what android with its 68% worldwide marketshare couldn't achieve,which is taking the crown of the US smartphone world from apple.

posted on 26 Dec 2012, 08:18 6

7. eisenbricher (Posts: 973; Member since: 09 Aug 2012)

That's probably going to happen. In so many comments I see iOS users ditching iPhones and switch to Lumia.

posted on 26 Dec 2012, 12:28 3

16. rusticguy (Posts: 2828; Member since: 11 Aug 2012)

Yes it is happening in Southern Europe, Brazil, Austrialia to name a few. China and India Apple was always a non entity just hovering around 2-3% in India for example and i think Bada must be doing better than iOS in India but not sure ...

Yes NOKIA devices are good but i ain't making M$ any richer by contributing towards license costs :)

posted on 26 Dec 2012, 08:44 1

10. lumia920 (Posts: 112; Member since: 27 Nov 2012)

if any body sued nokia then that will one of my worst day in my life. hope it will never become.. i love nokia so much...

posted on 26 Dec 2012, 17:03 1

23. Mobile-X-Pert (Posts: 565; Member since: 20 Dec 2010)

Apple already paid more than 500 millions to Nokia and also pays royalties every year.

posted on 26 Dec 2012, 10:45 3

15. No_Nonsense (unregistered)

Apple pays royalties to Nokia.

posted on 26 Dec 2012, 08:40 5

9. lumia920 (Posts: 112; Member since: 27 Nov 2012)

if apple sued nokia once in future then nokia is also able to sue apple 100 time more... i wouldn't believe if ever did because i know US courts are biased.. they will favour apple.. they love apple. but the rest of the world knows nokia, the king.

posted on 26 Dec 2012, 09:18 6

11. CardiWPfan (Posts: 129; Member since: 12 Sep 2012)

Do you folks not realize that NOKIA and its Subsidiaries and divisions have more patents than most of these companies that are over suing. Nokia hasn't even started ramping Patent suing yet. Lets just say APPLE has noting on Nokia's Patent Portfolio remember that. Apple is not even close, but something tells me interesting days are ahead. Plus Nokia did a very smart thing when they sold there HQ, its cheapter to lease back because of the tax deductions in Finland. US courts maybe bias but the World Trade Organization could still over rule any U.S Court decision anyday.

posted on 26 Dec 2012, 09:43 3

13. Omar-BHR95 (Posts: 184; Member since: 23 Dec 2012)

but i love both Nokia and BlackBerry :(

posted on 26 Dec 2012, 14:55 2

22. XPERIA-KNIGHT (unregistered)

jus cuz nokia is gettin paid DOESNT MEAN its all bad for RIM!............grow up people, somtimes you gotta pay your dues in order to free your self up for the future, SO YOU'RE NOT TIED TO ANYONE.....smh

posted on 26 Dec 2012, 19:40

24. gazmatic (Posts: 795; Member since: 06 Sep 2012)

Everybody loses when they sue Nokia. Nokia spends the most on R&D. They just have a problem with optics. They should stop announcing that they wont support a device. Other companies stop supporting their devices but somehow Nokia thinks it's "polite" to announce it. Still their products are great

posted on 26 Dec 2012, 20:17

25. ltjordan24 (Posts: 3; Member since: 24 Dec 2012)

65 million? I thought that the one-time payment would be considerably more considering all of Rim's devices were found to be in violation of the patent.